Ares Management Co. (NYSE:ARES) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lowered its stake in shares of Ares Management Co. (NYSE:ARES - Free Report) by 82.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,208 shares of the asset manager's stock after selling 151,775 shares during the quarter. Vaughan Nelson Investment Management L.P.'s holdings in Ares Management were worth $4,722,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ARES. Transce3nd LLC acquired a new position in shares of Ares Management during the 4th quarter valued at about $29,000. Johnson Financial Group Inc. increased its stake in shares of Ares Management by 104.8% during the 4th quarter. Johnson Financial Group Inc. now owns 170 shares of the asset manager's stock valued at $30,000 after acquiring an additional 87 shares during the last quarter. Elequin Capital LP acquired a new position in shares of Ares Management during the 4th quarter valued at about $33,000. Noble Wealth Management PBC acquired a new position in shares of Ares Management during the 4th quarter valued at about $36,000. Finally, Global Financial Private Client LLC increased its stake in shares of Ares Management by 125.6% during the 1st quarter. Global Financial Private Client LLC now owns 264 shares of the asset manager's stock valued at $39,000 after acquiring an additional 147 shares during the last quarter. Institutional investors and hedge funds own 50.03% of the company's stock.

Insider Buying and Selling at Ares Management

In other Ares Management news, CEO Michael J. Arougheti sold 110,845 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $153.17, for a total value of $16,978,128.65. Following the transaction, the chief executive officer now directly owns 1,400,000 shares of the company's stock, valued at $214,438,000. This represents a 7.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David B. Kaplan sold 62,500 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $169.36, for a total value of $10,585,000.00. Following the completion of the transaction, the insider now directly owns 62,500 shares in the company, valued at approximately $10,585,000. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 983,990 shares of company stock valued at $163,182,482 in the last three months. Corporate insiders own 36.86% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. The Goldman Sachs Group decreased their target price on Ares Management from $188.00 to $166.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. TD Cowen decreased their target price on Ares Management from $216.00 to $161.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. JMP Securities boosted their target price on Ares Management from $165.00 to $185.00 and gave the stock a "market outperform" rating in a report on Thursday, May 8th. Morgan Stanley decreased their target price on Ares Management from $197.00 to $152.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Finally, Oppenheimer cut Ares Management from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, Ares Management presently has an average rating of "Moderate Buy" and an average target price of $174.94.

Ares Management Stock Down 2.5%

NYSE ARES opened at $166.55 on Monday. The stock has a market cap of $54.39 billion, a PE ratio of 82.04, a P/E/G ratio of 1.28 and a beta of 1.38. Ares Management Co. has a fifty-two week low of $110.63 and a fifty-two week high of $200.49. The business has a 50 day moving average price of $157.73 and a two-hundred day moving average price of $167.04. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.53.

Ares Management (NYSE:ARES - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The asset manager reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.15. The firm had revenue of $951.96 million during the quarter, compared to analysts' expectations of $914.00 million. Ares Management had a return on equity of 16.64% and a net margin of 11.35%. During the same quarter in the prior year, the business earned $0.80 EPS. As a group, sell-side analysts predict that Ares Management Co. will post 5.28 EPS for the current fiscal year.

Ares Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Monday, June 16th. Ares Management's payout ratio is 263.53%.

About Ares Management

Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets.

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